Post
Topic
Board Speculation
Re: Speculators causing immense price swings: go fuck yourselves
by
Cluster2k
on 15/02/2012, 00:16:44 UTC
Fuck all of you dipshit motherfuckers who have the power to make my assets lose over 10% overnight. I never even had a fucking chance to sell. Problem is I need the cash right now, not the coins, and am forced to sell cheap.

The one thing bitcoin is pretty useless for is as a store of value.  The US dollar may have lost 90% of its value in the last 50 years, but bitcoin is capable of losing 90% of its value within 6 months (June to November 2011).  The commodity suffers wild swings upwards and down.  Forum participants have watched as its value swung up to 50% within one day.  It was crazy.  The swings hurt bitcoin and hamper its adoption as anything more than a means to achieve a transaction (get rid of bitcoins as soon as you acquire them).

I hope you get all raped in hell for eternity.

That's not very nice.